Natural Gas is Bullish 9/28/21
On a macro basis: The decent trade above 2661 (-.5 of a tic per/hour) brought in 3657 tics of higher trade. I noted the week of April 26th we also broke back above a significant formation on the Weekly charts at 2779 that warned of continued strength in general—we have seen 3539 tics of this. NOTE: on a very macro basis, the break above 4904 projects this upward $3.38, which could take roughly 14 months to attain. Trade at 4058 would negate this projection.
On a shorter-term basis: Thursday I noted: the drift sideways on GLOBEX put this above the steep trendline, which may bring in strength—we have rallied over 1500 tics. The decent trade above 5020 (+.7 of a tic per/hour) warns of higher trade. We have seen 1298 tics of this so far. The decent trade above 6040 (+4 tics per/hour) has brought in 278 tics of strength above before failing back below major old resistance at 6316. This will come in at 6086 (+4 tics per/hour starting at 9:00am).
NOTE: this is just a small portion of the market calls I provide my clients twice daily in the Natural Gas and Energy/Gold complex. 'Decent penetrations' are specific amounts provided to clients daily as well. If you are interested, please feel free to reach out.
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